Australian super funds report best performance since 2007

Guardian – Australian superannuation funds have recorded their best performance in seven years as the total worth of the nation’s superannuation pool grew to $1.62tn.

The industry-wide rate of return for superannuation funds in the year to 30 June 2013, was 13.7% – the best result since 2007, before the global financial crisis and well ahead of the 10-year average of 6%.